In a move highlighting efforts by Indian conponent makers to break into Japanese auto supply chains as low-cost producers, the Automotive Component Manufacturers Association of India (ACMA), the governing body representing the Indian auto component industry is planning an exhibition in Japan.
In association with Japan External Trade Organization (JETRO) ACMA is arranging the first ever Indian auto parts & business collaboration show in Japan from 16 – 17 November, 2015 in Tokyo and 18 – 19 November, 2015 in Nagoya. The show sponsored by Indian embassy in Tokyo and the ministry of commerce & industry, government of India, will open doors for new opportunities in sourcing, joint ventures and technical collaborations for the auto component industries of the two countries as also utilise each other's strengths.
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This event is the first ever organised by ACMA following the visit of the Indian Prime Minister, Mr Narendra Modi to Japan in September, 2014.
"Consistent focus on quality has helped the rapidly growing acceptance of India-made auto components in the global supply chain. During the last three decades of working together with the Japanese auto industry, Indian auto component manufacturers have embraced several Japanese quality practices. That apart, past few years have seen a systematic shift as Indian component manufacturers consciously move away from 'Build to Print' to innovation, R&D and creation of products and IP, furthering the cause of exports. Practically every major OEM in the world is today sourcing auto components from India, and we are ready to supply to the Japanese automotive industry as well, said Mr Arvind Balaji, president, ACMA.
"Indian auto component promoters have had a lot of experience working with Japanese and are keen to expand relationships, this is an opportune time for Japanese OEMs and Tier 1s present in India to focus on 'deep localization' and invest in Engineering, R&D and innovation', added, Balaji.
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